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Balaji Srinivasan @balajis · Apr 1, 2023
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Good piece — and towards the end you did guess part of the model I had in mind. Namely that it’s possible for economic contraction to coincide with capital flight to a more stable currency. For example, in Argentina the dollar-to-peso rate increased ~3X even as the banking…

Article Mar 22, 2023
Remember Folks, Banking Crises are *Deflationary*
by Alexander Campbell
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